Shares Fall as Results Miss Analysts' Expectations

Ocwen Financial Corp. said Thursday that its fourth-quarter earnings jumped 60% as the company grapples with increased regulatory scrutiny of the mortgage-servicing industry.

The Atlanta-based company posted a profit of $104.3 million, or 74 cents a share, up from $65.2 million, or 47 cents a share, a year earlier. Analysts polled by Thomson Reuters expected per-share earnings of 76 cents and revenue of $560 million.